KARACHI: The Directorate of Customs Post Clearance Audit detected duties and tax evasion of Rs 10.54 million by M/s Badami Garments and Export, Karachi, it is learnt here.
Sources told Customs Today on Wednesday that M/s Badami Garments and Export imported a consignment of fabrics printed machines, cotton folding machines and sewing , embroidery machines, and got it cleared from the PICT Karachi vide GDs on January 26, 2018 by paying customs duty very low at 6 percent after claiming the benefit of the SRO 567/2007.
However, the subject items were correctly classifiable under the PCT 6547.2507 attracting customs duty at 10 percent and income tax at 8 percent; thus, by way of mis-declaration of classification, the company evaded/short-paid Rs 10.54 million. The goods were cleared by appraiser Wahid Ali Bukhari.
Sources said that the importer violated the provisions of Section 68 (2-A) of the Customs Act-1969, Section 8 read with Section 68 of the Sales Tax Act-1990 and Section 58 of Income Tax Ordinance 2001 punishable under clauses (68) and 248 of Section 392(2) of the Customs Act-1969, Section 97 of the Sales Tax Act-1990 and Section 33 & 84 of Income Tax Ordinance 2001 and Section 4-A of the Sales Tax Act-1990 read with chapter X of the Sales Tax Special Procedure Rules 2007 (Special procedures for payment of sales tax by the importers) and under relevant provisions of Income Tax Ordinance 2001.
